Chris Estrada

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Buying Your Dream Home in a Hot Market.

Buying Your Dream Home in a Hot Market.


Imagine finding the perfect home, only to discover there is serious interest from at least a dozen other buyers. It’s like scrambling for the last piece of cake at a buffet!


Fortunately, there are things you can do to help get the home you want, even in a highly competitive market. Here are just a few ideas:



• Only view a few ideal properties at a time. If you see too many, and thus spread yourself too thin, you risk homes slipping through your fingers.


• Be realistic about price. Focus on finding a great home that you can afford, rather than trying to find a bargain.


• Consider homes that need some work. They get less interest than perfectly staged properties, yet can turn out to be a dream home.


• Be prepared to make an offer with as few conditions as possible. An offer conditional on passing inspection is usually fine, but in a competitive situation, offers with other conditions will likely be turned down flat. Many offers are coming in these days with NO SUBJECTS, and a bank draft attached to the offer. 


• Make your decisions quickly. If there are likely to be other interested buyers, you want to get your offer in early.


• Make the right offer. To win the deal, you want your offer to be as enticing as possible to the seller — especially when it comes to price. 


Its best to buy first and sell second, in a rising market, obviously, (if you9 are able), especially when prices are going up 5% per month. Although this can be tricky, as bank rules have changed some policies on mortgages and bridge financing etc. Always chat with your mortgage broker beforehand, and maybe get yourself preapproved. 


Yes, it can be tough finding the ideal home in a hot market, but I can help. Give me a shout or a text message and we could chat. Talk soon. 

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How a Home Inspection Helps You
Whether you're considering buying a particular home, selling your current
property – or both – a home inspection can help.
A home inspection is an inspection by a qualified professional who takes a
close look at every aspect of a home – structure, wiring, plumbing, and
more – and identifies issues you may not have noticed yourself.
For example, a home inspection can reveal that a furnace will need to be
replaced soon, or that there is a water leak into the basement that needs to
be fixed.
You'll definitely want to get a professional home inspection before you buy a
particular property. That's why most offers to purchase a home are
conditional upon passing a home inspection. (The last thing you want is to
buy your dream home only to discover that the wiring needs to be updated!)
You may also want to get a home inspection on your own home before you
list it for sale. A certificate from a qualified professional that states that your
home passed inspection will make your property more attractive to buyers.
Many reputable home inspectors are members of a professional industry
association.

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